Verizon Nears $5 Billion Deal for Yahoo's Internet Businesses

July 23,2016 05:12

Verizon, with a market cap of about $228 billion, has the means to purchase Yahoo's Web assets and a logical blueprint for folding them into its fledgling digital media business, which includes AOL properties it acquired last year for $4.4 billion. The ...

Verizon Communications Inc. is close to paying around $5 billion to buy Yahoo Inc.â€™s core business, people familiar with the matter said, absorbing a company that helped usher in the internet age but surrendered most of the profits to later entrants like Google and Facebook Inc. Verizon, long considered the most likely buyer since Yahoo put its search engine and web properties on the market, could reach a deal to buy the company in...